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Economic Impacts, Value Added, and Benefits in Regional Project Analysis

Author

Listed:
  • Joel R. Hamilton
  • M. Henry Robison
  • Norman K. Whittlesey
  • John Ellis

Abstract

This paper addresses five issues encountered when estimating secondary benefits in regional project analysis: (a) the correction for opportunity cost of factors used, (b) the treatment of mobile factors, (c) the effect of economies of size, (d) the role of forward linkages, and (e) the role of spatial structure of economic regions. The first four are reasons that only a small part, if any, of regional impacts can be treated as regional net benefits. The fifth is a reason that, when secondary benefits or damages do exist, their correct estimation can depend on the spatial structure of the affected areas.

Suggested Citation

  • Joel R. Hamilton & M. Henry Robison & Norman K. Whittlesey & John Ellis, 1991. "Economic Impacts, Value Added, and Benefits in Regional Project Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(2), pages 334-344.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:2:p:334-344.
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    Cited by:

    1. Weber, J. & Whittlesey, N.K., 1991. "Revisiting State-Level Project Evaluation: Estimating the Direct and indirect Net Benefits of Irrigation," WAEA/ WFEA Conference Archive (1929-1995) 321420, Western Agricultural Economics Association.
    2. Skuras, Dimitris & Psaltopoulos, Demetrios, 2016. "Estimating Spatial Employment Impacts of the CAP through Social Accounting Analysis," 160th Seminar, December 1-2, 2016, Warsaw, Poland 249760, European Association of Agricultural Economists.
    3. Krupnick, Alan J. & Burtraw, Dallas, 1996. "The social costs of electricity: Do the numbers add up?," Resource and Energy Economics, Elsevier, vol. 18(4), pages 423-466, December.
    4. K Wernstedt, 1995. "Regional Environmental Policy and the Distribution of Economic Impacts among Rural Households," Environment and Planning A, , vol. 27(4), pages 645-662, April.
    5. Whited, Melissa, 2010. "Economic Impacts of Irrigation Water Transfers on Uvalde County, Texas," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 40(2), pages 1-11.
    6. Nadreau, Timothy P. & Fortenbery, T. Randall, 2020. "Odessa Sub-area Potato Production & Processing Impacts Under an Irrigation-Water Shortage," Western Economics Forum, Western Agricultural Economics Association, vol. 18(2), December.
    7. Grigalunas, Thomas & Opaluch, James J. & Luo, Meifeng, 2001. "The economic costs to fisheries from marine sediment disposal: case study of Providence, RI, USA," Ecological Economics, Elsevier, vol. 38(1), pages 47-58, July.
    8. Upendram, Sreedhar & LaFerney, Preston E. & Miller, Wayne P. & Popp, Jennie S. Hughes & Rainey, Daniel V., 2004. "Economic Impact Evaluation Of Global Marketing Support Services - An Exports Assistance Program On The Economy Of Arkansas," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34622, Southern Agricultural Economics Association.
    9. Elias Giannakis, 2010. "An input-output approach in assessing the impact of extensive versus intensive farming systems on rural development: the case of Greece," Working Papers 2010-01, Agricultural University of Athens, Department Of Agricultural Economics.
    10. Wilson, Jeffrey J. & Lantz, Van A. & MacLean, David A., 2010. "A benefit-cost analysis of establishing protected natural areas in New Brunswick, Canada," Forest Policy and Economics, Elsevier, vol. 12(2), pages 94-103, February.
    11. Selting, Anne C. & Allanach, Christopher & Loveridge, Scott, 1994. "The Role Of Agglomeration Economies In Firm Location: A Review Of The Literature," Staff Papers 13321, University of Minnesota, Department of Applied Economics.
    12. repec:elg:eechap:14395_9 is not listed on IDEAS
    13. Loizou, Efstratios & Karelakis, Christos & Galanopoulos, Konstantinos & Mattas, Konstadinos, 2019. "The role of agriculture as a development tool for a regional economy," Agricultural Systems, Elsevier, vol. 173(C), pages 482-490.
    14. Kniivilä, Matleena & Ovaskainen, Ville & Saastamoinen, Olli & Kniivilä, Matleena, 2002. "Costs and benefits of forest conservation: regional and local comparisons in Eastern Finland," Journal of Forest Economics, Elsevier, vol. 8(2), pages 131-150.

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